Refer to the Information Provided in Figure 3

question 94

Multiple Choice

Refer to the information provided in Figure 3.19 below to answer the question(s) that follow. Figure 3.19
-Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S₁ to S₂ and there is an excess demand of 6 cheeseburgers, the price of cheeseburgers will have

• A) moved from $5.00 to $7.00.
• B) moved from $7.00 to $5.00.
• C) remained constant at $5.00.
• D) remained constant at $7.00.

---

Definitions:

Postmodernism

is a broad movement that developed in the mid- to late-20th century across philosophy, the arts, architecture, and criticism, marking a departure from modernism with its skepticism towards grand narratives and emphasis on relativism and individuality.

Modern Conceptions

Concepts or ideas that are current and widely accepted in the present time.

Hyperspace

A concept from mathematics and science fiction referring to a space with more dimensions than those of the observable universe.

Simulacrum

An image or representation of someone or something that is not true to the original but is accepted as real.